Category: Economy

The rehabilitation of roads in the province of South Kivu is a priority for regional development. Discussions took place between Governor Ngwabidje Kasi and Minister Gisaro Muvunyi to find solutions. The modernization of the RN5 is at the center of attention, with only 15 km rehabilitated so far. Other national roads also require complete rehabilitation. The Minister has undertaken to seek funding to carry out this work. The rehabilitation of 90 km of the RN3 is also planned, thus helping to open up the population and promote trade. This initiative reflects the political will to meet the needs of citizens and to promote sustainable development.

The Loulo-Gounkoto gold mine in Mali, the result of a solid partnership between the mining company Barrick and the Malian State, has become one of the largest gold producers in the world. In addition to its $9.3 billion financial contribution, the mine also promotes local employment with 7,000 Malian workers. The success of this partnership is due to the investment in exploration, the local procurement policy and the commitment to sustainable development. In addition, Barrick is committed to the energy transition with the extension of solar installations and battery storage. This partnership benefits the Malian economy and paves the way for future growth.

The Governor of South Kivu, Théo NGWABIDJE KASI, met with the Minister of Infrastructure and Public Works, Alexis GISARO Muvunyi, to discuss the issue of road infrastructure in the province. The resumption of modernization work on the RN5 national road was at the heart of the discussions. Only 15 km have so far been rehabilitated out of the planned 55 km. The Governor has obtained the assurance that work will begin next week and aims to rehabilitate the road to Fizi to open up the population and facilitate trade. Other national roads requiring rehabilitation were also mentioned. The Minister promised to find appropriate solutions to these problems. The Governor expresses his satisfaction and pays tribute to the President for his commitment to modern road infrastructure.

Mali has become a world leader in the gold mining industry thanks to the fruitful partnership between Barrick and the Malian State. This partnership has enabled the Loulo-Gounkoto complex to become one of the main gold producers in the world, with a significant impact on the country’s economy. With a contribution of $9.3 billion to the Malian economy, the creation of local jobs and a commitment to sustainable development, this partnership is a success story in the mining industry. Barrick continues to invest in the complex to increase production and consolidate its position as a major contributor to the Malian economy.

Finance Minister of the Democratic Republic of Congo, Nicolas Kazadi, chaired a meeting of the political troika to discuss the country’s macroeconomic situation. The meeting focused on the overheating of the foreign exchange and goods and services market. This follows the 5th review of the program with the IMF and aims to assess compliance with the commitments made. Concrete measures will be proposed to stabilize the exchange rate and ensure sustainable economic growth. Emphasis is placed on collaboration between the various government bodies to improve the country’s economic situation.

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The 26-year partnership between the mining company Barrick and the State of Mali has propelled the country’s gold industry to the rank of world leader. The Loulo-Gounkoto complex, one of the largest gold producers in the world, represents between 5 and 10% of Mali’s GDP. Barrick also emphasizes sustainability, favoring Malian suppliers and committing to renewable energy. With new expansion projects, the complex will continue to contribute to the Malian economy and the well-being of local communities.

The Congolese Minister of Industry, Julien Paluku Kahongya, recently visited the Special Economic Zone (SEZ) of Musienene, located in North Kivu. He noted the progress made in the development of this area, including the finalization of the development plan, the expansion of the site and the registration of companies ready to settle there. The visit highlights the importance of SEZs for economic diversification, job creation and investment attraction in the Democratic Republic of Congo. The Congolese government thus demonstrates its desire to promote industrial development and stimulate economic growth in the North Kivu region.